Omaha daily bee., 1887-06-09
VERY DULL DAY ON CHANGE
Speculation in Wheat Becomes Lifeless, Par
ticularly For June.
HEAVY RECEIPTS THE CAUSE,
Trading in Corn Very Light and En-
tirely Fenturelcss-OatsF Flat and
No Business Transacted
Market Quot tions.
CHICAGO PRODUCE MARKEr.

CHICAGO, June s.-[Special Telegram to
the BEE. Wheat continues to pour In faster
than a place can be found to put it, and the
pressure from behind Is getting stronger
every day. The whole country west Of here
seems to be filed with a yearning to deliver
wheat at this market before the close of the
month, while there Is an assurance OF good
prices. A good many of the shorts who in
tended shipping out corn to make room for
wheat find their plan interfered with by the
scarcity of vessel room. While cars laden
with wheat and corn are accumulating on
side tracks and pressing at the doors of ware
houses there seems to be no adequate means
of relief at hand, and the blockade is hourly
becoming more menacng. At this writing
it is estimated by presumably competent au-
thOrity that there are $500 or 5000 cars of
grain on side tracks waiting to be emptied,
and, strange to say, right at this interest
ing juncture the fountain of informa-
ton which has been relied on
in the past to furnish estimates of the antici-
pated results has dried up, and everybody IS
at sea for the moment when Ii comes to figur-
ing ahead. That there is plenty of wheat
here and pointing this way, with an appar-
entity inexhaustible supply to draw from, the
bears affirm and the bulls are prepared to adj
init. The receipts at primary points do not
let down, and although large quantity OF
wheat Is leaving these shores for foreign
parts, the feeling in the country at large Is
turning decidedly bearsh, The domestic
markets everywhere were weak to-day and
June was the weakest of all the deliveries
The local market was exceptionally dull and
fluctuations were within narrow limits. The
volume OF business passing was exceedingly
small June being particularly and noticeably
dull and lfeless. The price of June tluc
tuated between 921Gc and 93c, and at O'Clock
rested at 92Nc. July ranged SGs4 4(1S61lc, and
rested at S6%s, with August quoted at $3.50
and December at S511GoS5i'Ec. These prices
are not materially different from those ruling
yesterday after noon. Considerable wheat
between 100000 and ,0OO, 900 bushels.
Corn was entirely featureless to-day, the
fluctuations In prices during the regular ses-
sion being extremely narrow and Specula-
tive trading light. June rested at 3S1sc, July
at 39asc, August at 40ssc, and September at
4Ac.
Oats we're fiat and scarcely enough was done
In futures of this grain to establish prices.
All the months closed at O'Clock on a
opened at 265sc, sold to 26)1c, and that was
the market at adjournment with June 1c dis
count and August and September &c under
July.
In the provision market there was a de-
cided Improvement in the prevailing feeling.
The Florida news regarding yellow fever in.
dicated that the reports lately telegraphed
tiOns, and as yesterdays depression was due
entirely to the uneasiness which the first
news created, there was prompt recovery
to-day. In short ribs the advance established
was 17k(020c. Lard at o'clock averaged a
little stronger for cash and the near deliver
les. Pork was dull, with the open quotation
for June ranging from $2l.0O to $500.